Wilton Corporation reported retained earnings of $764,000 on 1/1/20x7 and $833,000 on 12/31/20x7. During the year the company issued $27,000 in common stock for $32,000. Given this information, what was Wilton's net income for the year?

A)$37,000

B)$42,000

C)$69,000

D)$96,000

E)$101,000